Latest Stocks: Tsakos Energy Navigation Ltd. (TNP) Rating Lowered to Hold at ValuEngine

Latest Stocks: Tsakos Energy Navigation Ltd. (TNP) Rating Lowered to Hold at ValuEngine

Tsakos Energy Navigation Ltd. (NYSE:TNP) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

TNP has been the subject of a number of other research reports. Credit Suisse Group AG reissued a “hold” rating and set a $5.00 price target on shares of Tsakos Energy Navigation in a research report on Friday, March 17th. Maxim Group reissued a “buy” rating and set a $7.00 price target on shares of Tsakos Energy Navigation in a report on Tuesday, March 21st. Zacks Investment Research downgraded shares of Tsakos Energy Navigation from a “hold” rating to a “sell” rating in a report on Thursday, April 27th. Finally, Jefferies Group LLC restated a “buy” rating and set a $6.00 price objective on shares of Tsakos Energy Navigation in a research note on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $6.30.

Shares of Tsakos Energy Navigation (NYSE TNP) opened at 4.15 on Friday. The stock has a 50 day moving average of $4.58 and a 200-day moving average of $4.70. Tsakos Energy Navigation has a 1-year low of $3.92 and a 1-year high of $6.45. The stock has a market capitalization of $348.46 million, a P/E ratio of 10.95 and a beta of 1.87.

Tsakos Energy Navigation (NYSE:TNP) last posted its quarterly earnings data on Friday, May 12th. The shipping company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $108.16 million for the quarter, compared to analyst estimates of $113.51 million. Tsakos Energy Navigation had a net margin of 16.89% and a return on equity of 5.93%. Equities research analysts predict that Tsakos Energy Navigation will post $0.48 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of TNP. WealthTrust Axiom LLC raised its stake in Tsakos Energy Navigation by 2.8% in the first quarter. WealthTrust Axiom LLC now owns 288,009 shares of the shipping company’s stock valued at $1,379,000 after buying an additional 7,900 shares during the period. Russell Investments Group Ltd. raised its stake in Tsakos Energy Navigation by 10.1% in the first quarter. Russell Investments Group Ltd. now owns 1,225,980 shares of the shipping company’s stock valued at $5,872,000 after buying an additional 112,210 shares during the period. Highbridge Capital Management LLC raised its stake in Tsakos Energy Navigation by 24.4% in the fourth quarter. Highbridge Capital Management LLC now owns 136,874 shares of the shipping company’s stock valued at $642,000 after buying an additional 26,875 shares during the period. WFG Advisors LP raised its stake in Tsakos Energy Navigation by 113.8% in the fourth quarter. WFG Advisors LP now owns 119,427 shares of the shipping company’s stock valued at $5,079,000 after buying an additional 63,578 shares during the period. Finally, Guggenheim Capital LLC raised its stake in Tsakos Energy Navigation by 26.2% in the fourth quarter. Guggenheim Capital LLC now owns 365,329 shares of the shipping company’s stock valued at $1,713,000 after buying an additional 75,794 shares during the period. Hedge funds and other institutional investors own 27.25% of the company’s stock. Tsakos Energy Navigation Company Profile

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